SS&C completed the acquisition of Algorithmics assets from IBM.

SS&C Technologies, a global provider of investment and financial services and software for the financial services and healthcare industries, completed the acquisition of Algorithmics assets from IBM, an American multinational information technology company. Algorithmics' solutions deliver the risk analytics clients need to address the impact of business and regulatory changes. Financial terms were not disclosed. "The companies we serve face a rapid pace of regulatory change and increasing need for integrated real-time and predictive analytics. The addition of Algorithmics enables us to empower clients in the global financial services industry with innovative, cloud-based solutions and premium services to help them navigate enterprise risk successfully," Bill Stone, SS&C Technologies Chairman and Chief Executive Officer.